Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    863 VZ County Rd 1508 Van, TX 75790

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,990,000

    Aviation real estate

    Type:Special Purpose
    Property size:
    10,848 SF
    Lot size:
    0.96 Acres
    Added:
    Jul 19, 2025
    Days on Market:
    257
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 863 VZ County Rd 1508

    General Information

    Standard status
    Active
    Size
    10,848 SF
    Lot size
    0.96 Acres
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Ryan Cox
    Ryan Cox

    Listing agent Ryan Cox License #TX 601441

    Listing office AirSpace

    Listing date Jul 19, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of AirSpace

    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy Daycare Center Accounting Firm Building Supply Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.6592
    Latitude
    32.5323

    Nearby Similar for Sale

    • $229,900

      Established Auto Repair Shop in Van

      Turn-key auto repair shop with equipment and office in Van, TX.
      215 Quail Street, Van, TX 75790
      View Details
    • $425,000

      Versatile Income-Producing Commercial Building

      6,000 sq ft commercial building on 2.4 acres.
      300 Quail, Van, TX 75790
      View Details
    • $225,000

      Renovated Commercial Building in Van

      Renovated commercial building in a high-traffic location.
      170 Cherry, Van, TX 75790
      View Details
    • $555,000

      Van, TX Quadruplex Investment

      Well-maintained, fully rented quadplex in high-demand rental area.
      202 Chestnut Drive, Van, TX 75790
      View Details
    • $555,000
      1,664 SF

      Investor-Ready Fourplex in Van, TX

      Well-maintained, cash-flowing fourplex in Van ISD area.
      202 Chestnut Dr., Van, TX 75790
      View Details
    • $450,000

      Warehouse in Central Van, Texas

      Business location on 1.11 acres in central Van, TX.
      300 Aspen, Van, TX 75790
      View Details
    • $75,000

      Commercial Building in Van, Texas

      Incomplete commercial building in Van, Texas, ready for your business.
      178 Main, Van, TX 75790
      View Details
    • $750,000

      Retail Property in Van, Texas

      Retail property for sale in Van, Texas, near Interstate 20.
      2900 Interstate 20, Van, TX 75790
      View Details
    • $750,000
      1,015 SF

      Versatile Commercial Property in Van, TX

      1015 sqft commercial property suitable for retail or automotive businesses.
      2900 Interstate 20, Van, TX 75790
      View Details

    FAQs

    Where is this aviation real estate located?
    The property is located at 863 VZ County Rd 1508 Van, TX.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: Direct access to Delva Field Airport (00TX) with a 4,000' x 70' Paved Runway (16/34); 10,848 SF Hangar Home: Recently constructed providing ample space.; Climate‑Controlled Hangar: 68' x 78' with a 'Big Ass Fan' and Higher Power Band Hydraulic Door (62' wide x 15'9\"), suitable for storing aircraft, RVs, boats, and other large vehicles.
    (682) 225-3262
    We can help!
    Listing Contact
    Ryan Cox
    Ryan Cox
    Real Estate License ID: TX 601441
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!